Author Topic: INFLATION IS OUR FRIEND  (Read 56594 times)

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Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #735 on: June 18, 2022, 08:40:57 AM »
…and the 70’s are back…get a locking gas cap before they run out….. ;D ;D >:D

Thieves caught on camera drilling into gas tanks

SALT LAKE CITY — As gasoline prices soar, some thieves have resorted to stealing gas in a very dangerous way. One Salt Lake City business has been victimized multiple times. The business manager is fed up, and the thief has scars for his trouble.

https://ksltv.com/496132/thieves-caught-on-camera-drilling-into-gas-tanks/


Offline daedalus

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Re: INFLATION IS OUR FRIEND
« Reply #736 on: June 18, 2022, 02:33:25 PM »
Oh, the irony of a "Fire Protection" business having its truck burned.

Hope that guy got some good pieces of gravel embedded in his freshly charred skin.

Parents of my daughters' friend told me of a business that found a valve tapped into the underside of a tank on one of their vehicles.  That's some real genius right there.  Rather than do the same amount of work each time, do the work once, and have a valve you can open and close easily for repeated thefts from a victim none the wise.

Offline Liar Loan

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Re: INFLATION IS OUR FRIEND
« Reply #737 on: June 20, 2022, 04:21:50 PM »
I've had some good and bad and ok renters.
You should keep at it and rent out your Elsinore house.
You can have a property management company do it for you and pay the fee.

Once you get the house sold, where you gonna put the cash?
the stock market?


I guess cash is a good play right now.

I think it's a good thing he's selling it.  Properties in the IE will get hammered in the downturn and these high gas prices plus the tenant pool is not as strong as what you'll find in Orange County.

Yep, this is the right move.  Sell now before lower pricing shows up in the numbers and begins shifting market psychology.  Wait a few years until the dust has settled before buying back in if you really want to be a landlord.

Offline Liar Loan

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Re: INFLATION IS OUR FRIEND
« Reply #738 on: June 22, 2022, 11:10:28 AM »
Hey, here's some good news on the inflation front, but bad news for real estate investors.

Apartment Vacancy Has Ticked Up for Seven Consecutive Months

Apartment List’s data show vacancy ticked up for seven consecutive months, reaching 5 percent in May. Its rent growth index shows a corresponding trend, as price growth has decelerated this year compared to 2021.

“Even if vacancies continue their gradual easing, it won’t surpass 6 percent until well into next year on its current trajectory," the firm estimated.


https://www.globest.com/2022/06/21/apartment-vacancy-has-ticked-up-for-seven-consecutive-months/?slreturn=20220522130137

Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #739 on: June 22, 2022, 12:56:17 PM »
Rents (as I have said ) had several months lag on showing in the inflation numbers but now...here we are...

Skyrocketing Rent Is Driving Inflation
So why does no one care?

But one of the biggest drivers of inflation, at least according to the most recent Consumer Price Index report, has not elicited even a peep from the political class: the soaring cost of housing. According to the breakdown of services, the cost of shelter is now far outpacing airline tickets, as well other services combined, as a primary driver of inflation. In fact, as the Council of Economic Advisers reported, increase in rents was responsible for almost 40 percent of the core CPI number in May. Worse still, the shelter index’s 0.6 percent increase in May marked the largest monthly increase since March 2004, according to the Bureau of Labor Statistics. The year-over-year increase is the largest since February 1991.

https://prospect.org/economy/skyrocketing-rent-is-driving-inflation/

Offline hpjet

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Re: INFLATION IS OUR FRIEND
« Reply #740 on: June 26, 2022, 11:20:26 PM »
Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html

Offline The California Court Company

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Re: INFLATION IS OUR FRIEND
« Reply #741 on: June 27, 2022, 06:49:12 AM »
All the residents need to just install solar and problem solved


Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html
"Should any Person come into contact with such fruit, soil or groundwater, such Person is advised to wash thoroughly with soap and water and seek immediate medical attention"-Augusta Disclosure, Tustin Legacy

"You'll probably be able to buy a 4BR detached home in Quail Hill for $150,000."-IndieDev

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Re: INFLATION IS OUR FRIEND
« Reply #742 on: June 27, 2022, 08:07:13 AM »
All the residents need to just install solar and problem solved


Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html

That was a secondary reason why I installed solar....it's just a matter of time before Edison bumps their rates up.
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Offline nosuchreality

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Re: INFLATION IS OUR FRIEND
« Reply #743 on: June 27, 2022, 07:44:28 PM »
All the residents need to just install solar and problem solved


Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html

That was a secondary reason why I installed solar....it's just a matter of time before Edison bumps their rates up.

You mean like each year in the last decade?

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Re: INFLATION IS OUR FRIEND
« Reply #744 on: June 27, 2022, 07:50:47 PM »
All the residents need to just install solar and problem solved


Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html

That was a secondary reason why I installed solar....it's just a matter of time before Edison bumps their rates up.

You mean like each year in the last decade?

I mean a large bump in power pricing.
Martin Mania, CPA
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Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #745 on: July 13, 2022, 09:18:04 AM »
Having fun yet?… remember, you wanted this…..

Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify

The consumer price index increased 9.1% from a year ago in June, above the 8.8% Dow Jones estimate.
Excluding food and energy, core CPI rose 5.9%, compared with the 5.7% estimate.
Costs surged for gasoline, groceries, rent and dental care.
Adjusted for inflation, workers’ hourly wages fell 1% during the month and are down 3.6% from a year ago.

https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html?


Offline Ready2Downsize

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Re: INFLATION IS OUR FRIEND
« Reply #746 on: July 13, 2022, 09:58:13 AM »
Having fun yet?… remember, you wanted this…..

Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify

The consumer price index increased 9.1% from a year ago in June, above the 8.8% Dow Jones estimate.
Excluding food and energy, core CPI rose 5.9%, compared with the 5.7% estimate.
Costs surged for gasoline, groceries, rent and dental care.
Adjusted for inflation, workers’ hourly wages fell 1% during the month and are down 3.6% from a year ago.

https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html?


Not a dem, but I'm beginning to feel sorry for Biden even though much of this is his doing. It's as if all the plagues are being thrown at him. LOL!

Having stuffed mushrooms for dinner. They are $2 a pound here. Haven't seen that price in many many years and it's a low for this area too. Hoping snow peas drop so I can use my $3 a pound shrimp I got yesterday.

Offline zubs

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Re: INFLATION IS OUR FRIEND
« Reply #747 on: July 13, 2022, 10:43:45 AM »
I am a leading indicator.
The price increase I was planning for 4th QTR 2022 has evaporated.

I'm predicting my prices to be flat to lower...
My customers who sell to the end users will probably lower prices at the beginning of 2023 if not sooner.

20 foot containers from Asia to Long Beach were at $20,000 at the peak.  Now at $8,700.  Pre-pandemic $2,500


We are getting ready to deflate.
« Last Edit: July 13, 2022, 10:59:49 AM by zubs »

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Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #748 on: July 13, 2022, 12:38:20 PM »
A recession is the natural next step in the business cycle. Or we go into a period of stagflation. Either one, this will not be fun.  The Fools saying that “a recession is not inevitable” are the same fools who said inflation will be transitory. They will again be wrong. ;D ;D >:D

Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #749 on: July 13, 2022, 12:56:24 PM »
After blaming everyone from Putin, oil companies, to gas station owners for the price of energy, (never looking in a mirror) …now the data is a liar….

Biden says 9.1% inflation is 'unacceptably high' but blames out-of-date figures that don't 'reflect full impact' of gas prices decreasing by 40 cents: BoA analysts say SEVERE recession is necessary

https://www.dailymail.co.uk/news/article-11009825/Inflation-hits-new-four-decade-high-9-1-June-higher-economists-predicted.html

 

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